When Element Power announced on April 10 the closing of a deal to build wind turbines for Blackrock in Ireland, nothing was said about the more than 14,000 other wind turbines lying idle around the world. Instead, Jim Barry, managing director for BlackRock, the world’s largest asset manager, expressed great pleasure at its new venture with Element:
We are pleased to have invested in the Irish wind energy sector and in particular the Garranereagh and Monaincha wind projects which represent an exciting investment opportunity for BlackRock’s clients. We look forward to developing our relationship with Element Power, an experienced international developer in the renewables sector.
Nothing was said about Element’s recent termination of another deal to build 40 wind turbines over 4,000 acres on top of Black Lava Butte and Flat Top Mesa in California, citing in its “request to relinquish” that there were “insufficient wind resources” to make that project viable. But there’s enough bank and government financing to keep the Irish project afloat for a while at least:
This welcomed recovery of the Irish economy is further evidenced by the fact that this long term non-recourse project finance was secured [by loans] from the Bank of Ireland … [and from two other British banks under] an Export Guarantee Scheme of the Federal Republic of Germany.
Those 14,000 wind turbines lying idle in California’s Altamont Pass, Tehachapin, and San Gorgonio areas and elsewhere around the world are testimony to the continuing and accelerating failure of hope over experience, funded with taxpayer monies. And these areas were selected as being “in the best wind spots on earth,” which are now, according to Natural News writer Jonathan Benson, just “spinning, post-industrial junk which generates nothing but bird kills.”
Once those taxpayer funds are withdrawn, the real economics of maintaining these expensive monstrosities are so overpoweringly negative that they are left to rot — skeletons proving the fraud and deceit of the whole global warming meme. As James Delingpole, the author of Watermelon: The Green Movement’s True Colors, noted during an interview with Lew Rockwell last November:
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